QUESTION 34 On January 1, 2021, Deborah and Blanton own equally fifty percent (50%)) of the stock of Phillips Corporation, ans Corporation. Phillips Corporation has a $60,000 Operating Loss for the year of 2021. On the 219th day of the year of 2021, Deborah sells her one-half (1/2) of the stock of Philips Corporation to her daughter, Johnella. How much of the $60,000 Operating Loss is allocated to Deborah? (Using the Per Day Method (Pro-Rata Methods. The year 2021 nota Leap Year) O $18,000 $30,000 O $60,000 $-0- QUESTION 35 Monica, an individual, is a forty-five percent (45%) owner of the calendar year Falls Corporation, an S Corporation. Monica's beginning basis in her stock for the year of 2021 is $230,000 and Falls Corporation reports the following items for the year of 2021: Ordinary Income - 564,000 Short Term Capital - 516,000 Section 1231 Loss - $6,000; Tax Exempt Interest Income - 55,000. Monica's basis in her stock at the end of the year of 2021 OS -0- $268.250 $265,550 $230,000